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The real estate market in the third quarter continued to show clear differentiation. According to DXS-FERI, property prices in many areas fell by 5-20% as some new projects adjusted prices below local market levels. Demand also weakened, with the absorption of primary housing nationwide down 36% year on year, while demand for land plots and apartments in Ho Chi Minh City and neighboring areas fell 66% compared with the previous quarter, according to Dat Xanh Services. Lam Dong, however, moved against the broader trend, recording 7,103 land plot transactions in the third quarter, up 13% from the same period last year. Hanoi expects to collect VND146 trillion in land-related budget revenue this year, an increase of more than 35% from 2025 and the highest level ever recorded. In the social housing segment, Ho Chi Minh City has added a project covering nearly 192 hectares in Ba Diem Commune. The project will be developed by Delta Joint Stock Company, an enterprise within the Vinhomes eco...

The real estate market in the third quarter recorded a clear adjustment in both prices and purchasing power. According to DXS-FERI, property prices in many areas fell by 5 to 20%, with some new projects being adjusted below the local market level. Nationwide absorption of primary housing decreased by 36% year on year, while demand for land plots and apartments in Ho Chi Minh City and surrounding areas fell 66% compared with the previous quarter. In Hanoi, the absorption rate for new apartments was only around 30%, significantly lower than the 70 to 80% recorded in the same period last year. Against this backdrop, some developers introduced cash flow support policies, including a plan at The Westique Residences allowing buyers to pay 30% of the apartment value until handover and defer the remaining schedule for 30 months. The supply of social housing continues to expand in several localities. Ho Chi Minh City has an additional project covering nearly 192 hectares in Ba Diem Commune, w...

The real estate market is showing mixed developments in business performance, purchasing power and project policies. Kinh Bac Urban Development Corporation, a company associated with businessman Dang Thanh Tam, recorded more than VND 937 billion in net profit after tax in the third quarter, its highest level since the first quarter of 2023. Meanwhile, the absorption rate of new apartments in Hanoi was only about 30% in the third quarter, a sharp decline from 70 to 80% during the same period last year. Although secondary prices have cooled and developers have increased incentives, buyers remain cautious because of financial pressure and expectations of better prices. Several projects are offering cash flow support, including The Westique Residences, where buyers of two-bedroom apartments pay 30% of the value until handover, followed by a 30-month extended payment schedule. In the social housing segment, Bac Ninh is expected to receive nearly 2,900 additional apartments at Hope Residen...

The real estate market is seeing notable developments in Ho Chi Minh City, Bac Ninh and localities pursuing urban and tourism development. In Ho Chi Minh City, authorities have proposed setting a compensation coefficient when the State appoints contractors for old apartment renovation projects, instead of leaving investors and residents to negotiate independently. Working Group 1645 has also met with real estate businesses to address obstacles and accelerate the issuance of certificates to homebuyers at four projects. Meanwhile, more than 5.5 hectares of land at the Nam Thanh Pho five-urban-cluster project is expected to be reduced to make way for the expansion of National Highway 1. The city has also announced 10 additional commercial housing projects eligible for sale to foreigners, bringing the total to 158 projects. Market liquidity remains under pressure as homebuyers stay cautious amid financial strain and expectations of further price reductions. Secondary prices have cooled a...

Vietnam’s real estate market is seeing a series of moves to address legal obstacles, adjust planning and accelerate project development. In Ho Chi Minh City, Working Group 1645 met with real estate businesses to review difficulties and speed up the issuance of ownership certificates for homebuyers at four projects. The city also announced 10 additional commercial housing projects eligible for sale to foreigners, bringing the total number of qualified projects to 158. In contrast, prices of townhouses and detached homes in several areas have fallen by billions of dong as sellers face financial pressure while buyers remain cautious. The Nam Thanh City five-urban-cluster project will also reduce more than 5.5 hectares of land to serve the expansion of National Highway 1. In other localities, Hai Phong has allowed six businesses to pilot 10 commercial housing projects under a new mechanism, with total expected investment exceeding VND 11.346 trillion. In Hung Yen, an investor was selecte...

The real estate market is seeing notable developments in capital flows, supply and investment activity. In the first nine months of the year, property companies issued VND 149.455 trillion worth of bonds, a sharp increase from the same period in 2025 amid tighter credit conditions. In Hung Yen, a company established only three months ago was approved as the investor of the Me So New Urban Area, adjacent to Ring Road 4, with an expected investment of VND 15.6 trillion. Meanwhile, Hai Phong has allowed six property companies to pilot 10 commercial housing projects under a new mechanism, with total expected investment exceeding VND 11.346 trillion. In the land and resort real estate segment, Gia Lai plans to auction a site of more than 19 hectares in Nhon Hoi Economic Zone for the development of the Golf Academy Resort Villa Area in the fourth quarter of 2026, with a value of nearly VND 1.5 trillion. Hue will also hold a second auction for more than 10,600 square meters of riverside lan...

The real estate market is seeing notable developments across several localities. In Ho Chi Minh City, prices of alley houses, townhouses and detached homes have fallen by billions of dong in many areas as sellers face financial pressure, while buyers remain cautious. In contrast, primary apartment prices continued to rise 12% year on year to an average of VND 110 million per square meter, despite supply increasing by nearly half in the third quarter. The city is also collecting opinions on draft criteria and policies for converting industrial parks and clusters into eco industrial models, and plans to issue its own criteria for this sector. Thadico and Becamex have been allocated or leased approximately 708 hectares of land for industrial and urban projects. Meanwhile, experts say clear criteria are needed to identify vacant land before imposing a 0.2% tax, in order to limit impacts on businesses and the property market. Housing supply is being added in several localities, but the pr...